Wishbone Gold (LON:WSBN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Wishbone Gold Plc (LON:WSBN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 75.78 and traded as low as GBX 32. Wishbone Gold shares last traded at GBX 32.22, with a volume of 257,116 shares trading hands.

Wishbone Gold Price Performance

The company’s fifty day simple moving average is GBX 51.09 and its 200 day simple moving average is GBX 75.78. The firm has a market capitalization of £9.74 million, a PE ratio of -7.36 and a beta of 1.20.

About Wishbone Gold

Wishbone Gold Plc is listed in London on the LSE AIM market and the AQUIS stock exchange.

It has three major exploration properties in Australia and three minor prospects. Two of these are located in the Pilbara region of Western Australia and the third is in the Mingela-Charters Towers region in Queensland.

The company’s flagship project is Red Setter located approximately 13km south west of Newcrest’s Telfer operations. Red Setter is a Havieron style gold prospect. Cottlesloe, 35km south east of Red Setter, has deposits visible at surface of silver and lead: metals which are essential for battery and electric car production.

In Queensland the Wishbone II project has almost doubled recently with the addition of Wishbone VI.